Charles Schwab Investment Management Inc. Sells 144,810 Shares of Power Integrations, Inc. (NASDAQ:POWI)

Charles Schwab Investment Management Inc. decreased its stake in shares of Power Integrations, Inc. (NASDAQ:POWI) by 18.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 621,232 shares of the semiconductor company’s stock after selling 144,810 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Power Integrations were worth $39,833,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Intech Investment Management LLC acquired a new stake in Power Integrations during the third quarter worth approximately $983,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in shares of Power Integrations by 10.0% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 257,823 shares of the semiconductor company’s stock worth $16,531,000 after purchasing an additional 23,405 shares during the period. First Horizon Advisors Inc. lifted its holdings in Power Integrations by 10.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 2,196 shares of the semiconductor company’s stock worth $141,000 after purchasing an additional 205 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in Power Integrations by 60.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 10,451 shares of the semiconductor company’s stock valued at $670,000 after purchasing an additional 3,926 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in Power Integrations by 214.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,860 shares of the semiconductor company’s stock valued at $2,684,000 after buying an additional 28,548 shares in the last quarter.

Insiders Place Their Bets

In related news, VP Clifford Walker sold 10,000 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $64.36, for a total transaction of $643,600.00. Following the sale, the vice president now owns 130,934 shares of the company’s stock, valued at $8,426,912.24. This trade represents a 7.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Doug Bailey sold 8,549 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $64.96, for a total value of $555,343.04. Following the completion of the transaction, the vice president now directly owns 86,375 shares of the company’s stock, valued at approximately $5,610,920. The trade was a 9.01 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,655 shares of company stock valued at $1,205,566. 1.70% of the stock is currently owned by insiders.

Power Integrations Stock Performance

Shares of POWI stock opened at $67.13 on Tuesday. Power Integrations, Inc. has a fifty-two week low of $56.63 and a fifty-two week high of $89.68. The stock’s fifty day moving average price is $63.47 and its two-hundred day moving average price is $67.13. The company has a market cap of $3.82 billion, a PE ratio of 101.71, a P/E/G ratio of 7.09 and a beta of 1.10.

Power Integrations (NASDAQ:POWI) last released its quarterly earnings data on Wednesday, November 6th. The semiconductor company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.04. The business had revenue of $115.84 million for the quarter, compared to analyst estimates of $114.83 million. Power Integrations had a return on equity of 4.14% and a net margin of 9.27%. Power Integrations’s revenue was down 7.7% compared to the same quarter last year. During the same period last year, the firm posted $0.35 earnings per share. On average, equities analysts predict that Power Integrations, Inc. will post 0.54 EPS for the current fiscal year.

Power Integrations Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, November 29th will be given a $0.21 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.84 dividend on an annualized basis and a yield of 1.25%. This is a positive change from Power Integrations’s previous quarterly dividend of $0.20. Power Integrations’s dividend payout ratio (DPR) is currently 121.21%.

Analysts Set New Price Targets

A number of equities analysts recently commented on POWI shares. StockNews.com raised shares of Power Integrations from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Susquehanna dropped their price target on shares of Power Integrations from $80.00 to $77.00 and set a “positive” rating for the company in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft reduced their price target on Power Integrations from $73.00 to $68.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. Benchmark restated a “buy” rating and set a $78.00 price objective on shares of Power Integrations in a research note on Friday, November 8th. Finally, Northland Capmk upgraded Power Integrations from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 12th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Power Integrations has a consensus rating of “Moderate Buy” and an average target price of $78.00.

Power Integrations Profile

Power Integrations, Inc designs, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company provides a range of alternating current to direct current power conversion products that address power supply ranging from less than one watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, LCD monitors, main and standby power supplies for desktop computers and TVs, LED lighting, and various other consumer and industrial applications, as well as power conversion in high-power applications comprising industrial motors, solar and wind-power systems, electric vehicles, and high-voltage DC transmission systems.